On Tuesday, the benchmark indexes closed lower due to weak global market trends and rising crude prices. The Sensex fell for the third session, closing 208.24 points or 0.33 per cent lower at 62,626. The 30 stock index fell 444.53 points or 0.70 per cent to 62,390 during the day. The Nifty dropped by 58.30 points or 0.31 per cent to close at 18,642, down 58.30 points or 0.31 per cent. Here is a look at stocks that are likely to remain in news today.
HDFC Asset Management Company : UK-based investment firm and promoter abrdn Investment Management plans to offload its entire 10.21% stake in the mutual fund player on Wednesday via a block deal and will cease to be a co-sponsor of the company.
Vedanta: The Anil-Agarwal led mining major plans to raise up to 500 crore via debentures. The amount will be raised by the oil-to-metals conglomerate in one or more tranches.
Siemens has emerged as the lowest bidder for a 1,200 electric locomotive of 9000 HP horse power worth over 20,000 crore at Dahod in Gujarat. In April of this year, Indian Railways had launched a tender for the manufacturing and maintenance of 9,000 HP electric locomotives at Dahod.
Vodafone Idea: The plan to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure has lapsed in the absence of any response from the government on the conversion of interest dues into equity.
After tax of Rs 40.92 crore, the consolidated profit has risen 5 per cent year-on-year growth. Revenue in Q 2 grew by 32 per cent to Rs 577 crore compared to the year-ago period.
Jammu Kashmir Bank: The state-owned lender has announced a partnership with Maruti Suzuki India to ease car loan facilitation for its customers through the auto major's smart finance digital platform.
Craftsman Automation: Private equity firm Marina III Singapore sold its entire 5.48 per cent stake or 11,56, 808 shares at an average price of Rs 3,200 in the engineering company for Rs 370 crore through an open market transaction.
The railway company Ircon International has won an order for the signalling and telecommunications system from Sri Lanka Railways. The order is worth Rs 122 crore and is under the Indian line of credit.
The board of directors of Ugro Capital will meet on December 9 to discuss raising funds via the issuance of market-linked non-convertible debentures on a private placement basis.
Dynacons Systems and Solutions has won a private cloud solution from Union Bank of India, which is a private cloud solution ordered by Dynacons Systems and Solutions. The order covers supply, installation, and maintenance for the bank's hyper-converged infrastructure and software solution.